| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 3 | Myron Fohr Tony Bettenhausen | 32 | Carl Marchese | 1938 Marchese/Offenhauser | 200 | 6,213 | running | 59 |
| 2 | 12 | Johnnie Parsons | 7 | Kurtis Kraft | 1948 Kurtis 1000 316/Offenhauser | 200 | 3,685 | running | 11 |
| 3 | 2 | Ted Horn | 1 | Ted Horn | 1947 Horn/Offenhauser | 200 | 2,625 | running | 6 |
| 4 | 13 | Ted Duncan | 27 | Corley | Corley/Offenhauser | 200 | 1,745 | running | 0 |
| 5 | 11 | Bill Sheffler | 53 | Sheffler | Bromme/Offenhauser | 200 | 1,320 | running | 0 |
| 6 | 8 | Charles Van Acker | 4 | Redmer | Stevens/Offenhauser | 200 | 1,078 | running | 0 |
| 7 | 4 | Rex Mays | 5 | Charles Bowes | 1947 Kurtis/Winfield SC | 182 | 973 | magneto | 0 |
| 8 | 20 | Ken Fowler Eddie Zalucki | 54 | Anderson | Offenhauser | 171 | 908 | running | 0 |
| 9 | 1 | Paul Russo | 49 | Norm Olson | Olson/Offenhauser | 167 | 1,156 | running | 0 |
| 10 | 5 | Spider Webb Lee Wallard | 51 | Bob Estes | Bromme/Offenhauser | 159 | 895 | oil leak | 0 |
| 11 | 6 | Lee Wallard | 12 | Iddings | Meyer/Offenhauser | 140 | 750 | running | 0 |
| 12 | 15 | Walt Brown | 29 | Auto Shipper | Offenhauser | 137 | 744 | clutch | 0 |
| 13 | 9 | Johnny Mantz | 98 | J.C. Agajanian | 1948 Kurtis 2000 318/Offenhauser | 135 | 603 | accident | 97 |
| 14 | 14 | Hal Robson | 26 | Ross Page | 1946 Kurtis | 591 | did not finish | 0 | |
| 15 | 10 | Mel Hansen | 45 | Joe Lencki | Lencki/Lencki | 544 | did not finish | 27 | |
| 16 | 7 | Emil Andres | 8 | Charlie Pritchard | 1948 Kurtis 2000 320/Offenhauser | 56 | 530 | spindle rod | 0 |
| 17 | 16 | George Connor | 78 | Schoof | Wetteroth/Offenhauser | 421 | did not finish | 0 | |
| 18 | 21 | Johnny Byrne | 46 | Arthur Schmidt | Schmidt/Ford V8 | 369 | did not finish | 0 | |
| 19 | 19 | George Lynch | 89 | Jewell | Offenhauser | 385 | did not finish | 0 | |
| 20 | 17 | Tony Bettenhausen | 22 | Thorne Engineering | 1938 Adams/Sparks SC | 20 | 312 | axle | 0 |
| 21 | 18 | Steve Truchan | 18 | Truchan | Offenhauser | 259 | did not finish | 0 | |
| Tony Bettenhausen | 16 | Murrell Belanger | Offenhauser | 0 | did not qualify | 0 | |||
| Eddie Zalucki | 55 | Offenhauser | 0 | did not qualify | 0 | ||||
| Mike Salay | 38 | Wetteroth/Offenhauser | 0 | did not qualify | 0 |